Get an auto loan that fits your needs. Charter Oak Federal Credit Union offers competitive rates, flexible terms and fast auto loan approval.

It’s easy to apply!

Feel free to either contact a Charter Oak representative at 860.446.8085 or 800.962.3237, or pay a visit to any of our recommended dealers or Charter Oak Branch locations.

Auto Loan Rates

New and Used Car Loans

Model Year** Rates As Low As
2022 & Newer5.74% APR*
2020 – 20215.74% APR
2017 – 20195.74% APR
2014 – 20167.49% APR
20138.49% APR

*The Annual Percentage Rate (APR) is in effect as of May 15, 2023. **The APR offered to you may differ based on factors such as your credit history, vehicle age, and loan term. The lowest APR is applicable when your vehicle meets our underwriting guidelines and you possess an outstanding credit history.

The rate offered to you is subject to variation based on the following factors:

  • Your credit history
  • Year of the vehicle
  • Term of the loan

The lowest Annual Percentage Rate (APR) assumes that your vehicle satisfies our underwriting guidelines and you have an excellent credit history. For more information or to begin the application process, please contact us at 860.446.8085 or 800.962.3237, or apply for an auto loan online.

Please take note of the following details:

  • Loan-to-values are determined by dividing the total funded loan amount by the Manufacturer’s Suggested Retail Price (MSRP) for new vehicles, and NADA Retail value for used vehicles.
  • The maximum allowed mileage for used vehicles is 125,000.
  • Commercial use vehicles with a Gross Vehicle Weight (GVW) exceeding 10,000 lbs are not eligible.
  • The minimum amount financed for new or used vehicles is $5,000 (excluding the 84-month term).